Sad day: Localbitcoins.com is no more.
Btc going down again, localbitcoins shut down and I am still not legendary it looks like it is a unlucky day for us all. I wonder who will replace localbitcoins I hope Binance does not they already have a monopoly on the exchange market. I hope we get a new service created by someone here who is trustworthy and tries to stop these giants of exchanges taking all the money and charging expensive fees for their 'service'
I wonder how much the news of localbitcoins will affect the price? Do we expect this to have a big impact or does it not have enough user base in 2023? I know many years ago it was the place to trade btc and was the most popular at 1 time.
Yes.. you already meet the legend requirements, it is almost inevitable that you will get it in the next activity adjustment (which is in 10 days) since I think that once you go over activity of 1030 then it is inevitable.. unless I am missing something? There is a bit of randomness of ranking up to legendary between activity levels of 775 and 1030, so maybe if you exceed 1030 posts, your activity might go above 1030 and then you would get it based on the mere fact of going above 1030?
** **Note: Apparently by the time, I posted this, your avatar was upgraded to Legendary.. I think that your activity level had to go up to whatever random amount the forum algorithm had already chosen for you.Regarding Local Bitcoin's it was increasingly starting to decline in 2018 or so when they were forced to increase the level of their KYC - and they had all kinds of customers before 2018 because their service both allowed internal transactions within the system, but also allowed for in-person cash transactions that would then allow for members to arrange their own meeting up directly... and in 2019 they discontinued the ability to conduct cash transactions in the USA.. and perhaps they discontinued cash transactions in some other jurisdictions, too. so their business model had been under increasingly heavy attack since 2018, and I am pretty sure they were forced into such a position that made it nearly impossible for them to operate in the ways that they had been such a central player between about 2012 and 2019.
People who have had preferences to transact BTC in person have had to find other ways to connect with each other - even though LocalBitcoin's was a great way of accomplishing such abilities for strangers to meet up and to set up trust and to set up terms of the transaction prior towards deciding to meet - even though the whole LocalBitcoin's system ended up having to cave in to regulatory pressures.. and perhaps lawsuits or prosecutions would be coming next to even threaten them more.. .. just like some exchanges are not going to want to operate when they are paying $millions in fines (maybe Kraken feels like that now, even though their situation is so far not so much about bitcoin, so there are questions about whether regulators might be wanting to come at bitcoin too?)... and maybe even face more harsh sanctions that are purported to be "protecting the public," which we know is not the complete motivations of government entities that are seeming to worry about how bitcoin is empowering folks to be more and more financially sovereign, and we
(various status quo financial/governmental institutions) wouldn't want that.
You know, I am glad that centralized staking services on exchanges are getting bent over by the government. It was only a matter of time anyway. You cannot centralized something which is meant to be decentralized.
But what is the SEC going to do about DeFI? Kick and scream and achieve nothing? Because there is nothing they can do.
I'm not glad at all, as it simply demonstrates the governments have become big bloated piece of crap balloons that need to be popped before they consume all of us and you need regulations for everything you can possibly do, every second of every single fucking day.
The whole point BTC was
invented discovered is to circumvent these scamming big government cunts.
FTFY...